>>> Europe : Brokers Upgrades & Downgrades - 9th of December 2022 V2(+)

>>> Up
* ABN AMRO GDRs Raised to Outperform at Credit Suisse; PT 17 euros
* Amadeus Raised to Buy at Goldman; PT 70 euros
* Estee Lauder PT Raised to $270 from $230 at Jefferie
* Mears Raised to Buy at Investec; PT 239 pence (+)
* InterContinental Hotels Raised to Buy at Peel Hunt
* PolyPeptide Group Raised to Buy at Baader Helvea
* Workspace Raised to Overweight at JPMorgan; PT 650 pence

>>> Down
* Air Liquide Cut to Underperform at Jefferies; PT 124 euros
* Alcoa Cut to Equal-Weight at Morgan Stanley; PT $56
* Apple Cut to Sell at Aletheia Capital; PT $118
* Assura Cut to Neutral at JPMorgan; PT 62 pence
* CaixaBank Cut to Neutral at Credit Suisse
* Equitable Holdings Cut to Hold at Jefferies; PT $34
* Fidelity National Cut to Hold at Jefferies; PT $75
* Inmobiliaria Colonial Cut to Neutral at JPMorgan; PT 7 euros
* Julius Baer Cut to Neutral at Credit Suisse
* LondonMetric Cut to Neutral at JPMorgan; PT 205 pence
* Lundin Mining Cut to Market Perform at BMO; PT C$8
* MetLife Cut to Hold at Jefferies; PT $82
* UBS Group Cut to Neutral at Credit Suisse
* WDP Cut to Neutral at JPMorgan; PT 30 euros
* Worldline Cut to Neutral at JPMorgan; PT 55 euros

>>> Initiation
* Atenor Re-Initiated Hold at KBC Securities; PT 57 euros (+)
* Cellavision Rated New Buy at Nordea; PT 275 kronor
* Gurit Rated New Neutral at Credit Suisse; PT 98 Swiss francs
* Lagercrantz Rated New Sell at SEB Equities; PT 96 kronor
* Marks Electrical Group Rated New Buy at Shore Capital
* Schweiter Rated New Outperform at Credit Suisse
* Topdanmark Rated New Underperform at Jefferies; PT 270 kroner
* Tryg Rated New Hold at Jefferies; PT 155 kroner
* Vitec Software Group Resumed Buy at Nordea; PT 466 kronor (+)

>>> Call
* Capita Overweight Again at Barclays With Asset Sales Under Way
* CS Overweight on EU Banks for 2023; Cuts UBS, Upgrades ABN Amro
* Citi’s Manthey Says European Equities Pricing 2023 Earnings Drop
* EU Chemicals Face Tough 2023, Air Liquide Double Cut: Jefferies
* IHG Raised to Buy as Peel Hunt Says Share Price ‘Left Behind’
* JPMorgan’s Kolanovic Says Sell Energy Stocks With Oil Gap Wide
* JPMorgan More Constructive on European Real Estate in 2023
* Morgan Stanley’s Wilson Sees Value Stocks at Risk in a Downturn
* Morgan Stanley Says China Stocks to Outperform Global Peers
* Worldline Downgraded at JPMorgan, Adyen Now Top Payments Pick